Nixon says tax breaks could cost local governments
Thu, 29 May 2014 13:39:11 GMT —
Missouri Gov. Jay Nixon is amplifying his opposition to a series of tax breaks passed by lawmakers.
Nixon said Wednesday the tax breaks could cost local governments $351 million of revenues annually. That's on top of what Nixon's administration projects as a $425 million annual reduction in state tax revenues.
The Democratic governor was traveling to St. Louis and Kansas City to make his point about the potential hit to local governments.
Republican lawmakers have disputed some of the cost projections.
Legislators passed about two-dozen tax breaks for specific industries, organizations or consumers. Some of those would exempt sales taxes for expenses by computer data centers, electric companies and restaurants.
Nixon has said he will make vetoes or budget cuts in response to the tax breaks.